Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for SERVICEMASTER GLOBAL HOLDINGS (SERV) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SERV was recently trading at $42.52 and has an implied volatility of 41.19% for this period. Based on an analysis of the options available for SERV expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $42.52-$49.09 at expiration. In this scenario, the average linear return for the trade would be 36.49%. Big 7.96% Change: After closing the last trading session at $39.38, SERVICEMASTER GLOBAL HOLDINGS opened today at $41.39 and has reached a high of $42.60. Trade approach: A movement as big as 7.96% is a significantly bullish indicator, so this trade is designed to be profitable if SERV maintains its current direction and does not revert back to pricing on the bearish side of $42.52 on 16-Oct-2020. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bullish strategy, the trade would be profitable if SERVICEMASTER GLOBAL HOLDINGS closes at or above $41.90 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 54.09% likelihood of this return. Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment. To analyze this trade in depth, please visit the Quantcha Options Search Engine.